Summary List Placement The American student-debt problem encompasses 45 million people with a combined $1.7 trillion of debt, and much of the burden falls on communities of color. Civil-rights organizations want President Joe Biden to change that by canceling $50,000 in student debt per person. On Monday, 36 civil rights organizations, led by the Leadership […]
Servicers’ total number of loans in forbearance dropped for the seventh week in a row, down another 16 basis points last week to 4.5% of portfolio volume, according to the Mortgage Bankers Association. Following the massive decline the week prior, the share of loans in forbearance has dropped a total of 40 basis points in […]
Summary List Placement Growing wealth inequality has been exacerbated by the pandemic, as the global middle class shrinks and millions fall into poverty. One question has lingered: What can be done to address both the economic scars of the pandemic, and the inequality that’s grown alongside them? For some, including Sen. Elizabeth Warren, wealth taxes […]
Summary List Placement President Joe Biden wants to increase taxes on corporations with his American Jobs Plan — and he let some leading business executives know before he announced it. According to The Washington Post, the Biden administration briefed Brian Moynihan, the CEO of Bank of America, and David M. Solomon, the CEO of Goldman […]
Last year, Laura Grannemann’s dedication to providing Americans with access to safe and affordable housing earned her a spot as one of HousingWire’s 2020 Women of Influence. Today, her passion is still apparent in the work that she’s doing to help those in underserved communities own homes and build wealth. “COVID-19 has starkly highlighted housing […]
Summary List Placement The US national debt is measured at over $28 trillion, and for decades, it has been a source of concern — and inhibition — for lawmakers. The Republican Party tends to cite the runaway federal debt when it is not in possession of the White House, while Presidents Donald Trump and George […]
The original principal cast of “Downton Abbey” are returning for a second film that will arrive in theaters December 22 this year, Focus Features announced Monday. “Downton Abbey” creator Julian Fellowes has written the sequel’s screenplay, and Simon Curtis (“My Week With Marilyn”) is directing. Hugh Bonneville, Michelle Dockery and 86-year-old Maggie Smith will […]
The Consumer Financial Protection Bureau (CFPB) is making good on its threats to police mortgage servicers. In late January, the agency released weeks a series of authority actions warning servicers that it needs to do right by consumers who need access to forbearance programs. According to a new report from Reuters, the government watchdog is […]
Summary List Placement Americans have built up excess savings worth $2.6 trillion since the start of the coronavirus pandemic that will help power the economy’s recovery from the crisis, according to Moody’s Analytics. The US has amassed the most excess savings of any country, with the cash pile amounting to 12% of gross domestic product. […]
There is a well-known analogy about a frog and a pot of water. If you drop a frog into a boiling pot of water, the frog will leap out. But if you drop a frog into a pot of cold water and turn the heat up slowly, the frog will boil. Personally, I think the […]
Fans of the Premier League clubs named as part of the breakaway Super League launched on Sunday have joined forces to condemn the move with Chelsea’s Supporters’ Trust describing it as the “ultimate betrayal.” The Tottenham Hotspur Supporters’ Trust said it was “deeply concerned” at their club’s involvement while Arsenal’s Supporters’ Trust described it […]
Summary List Placement Hospitality workers in California who lost their jobs during the pandemic will get priority for new roles with their former employers, per a statewide bill Gov. Gavin Newsom signed Friday. The bill requires employers in the hospitality and business-services industries, including hotels, airports, and large event centers, to give qualified former employees […]
Carrie Underwood brought the Academy of Country Music Awards to church. Maren Morris won two honors, including song of the year. Miranda Lambert performed three times and held on to her record as the most decorated winner in ACM history. And Mickey Guyton, the first Black woman to host the awards show, gave a powerful, […]
Summary List Placement The predicted baby boom is looking more like a baby bust. While many thought a year locked up would lead to some serious babymaking, Brookings Institute economists Melissa Kearney and Phillip Levine forecasted the opposite last June: The pandemic would lead to 300,000 to 500,000 fewer births in 2021, they said. So […]
Summary List Placement A congressional battle line was forming last week over former President Donald Trump’s SALT tax cap, which is threatening to derail President Joe Biden’s $2 trillion infrastructure proposal. A bipartisan group of more than two dozen lawmakers, calling itself the SALT Caucus, formed to push for Trump’s cap on tax deductions be […]
Summary List Placement A New York City investment manager was charged Friday with stealing more than $2.4 million from five lending institutions through Payment Protection Program loans, prosecutors said in a statement. Gregory Blotnick, 33, is accused of applying for five separate PPP loans between April 2020 and August 2020, and lying about the number […]
Summary List Placement With buyer demand high and inventory low, home prices in the US continue to rise. A new report by the Seattle-based real estate brokerage, Redfin, found that for the four-week period ending on April 11, the median home-sale price shot up to $341,250, a 17% year-over-year increase. Homes that were sold during […]
Amid mounting anger over allegations of bullying, Broadway and Hollywood producer Scott Rudin broke his silence Saturday, saying he was “profoundly sorry” and would step back from his theater work. “After a period of reflection, I’ve made the decision to step back from active participation on our Broadway productions, effective immediately. My roles will be […]
Summary List Placement In what’s being called West Point’s biggest cheating scandal in decades, 51 cadets will be required to repeat a year and eight have been expelled, academy officials said Friday. Last year, 73 cadets were accused of cheating on a final math exam in May, which was taken remotely because of the pandemic. […]
Summary List Placement Throughout the pandemic, Washington Post economics correspondent Heather Long has been providing indispensable context to the Department of Labor’s monthly unemployment announcements in thoughtful Twitter threads. As soon as lockdowns began last March, job losses skyrocketed to literally unprecedented levels, and Long’s analysis helped explain the reasons behind the numbers, what those […]
Summary List Placement Infrastructure talks are starting to gain momentum in Congress two weeks after President Joe Biden rolled out his sprawling $2.3 trillion infrastructure plan. A Republican-led group of 20 lawmakers is gearing up to make a counteroffer in a bid to strike a bipartisan deal on a smaller package. Sen. Shelley Moore Capito […]
Summary List Placement Hafeez Lakhani, 38, who runs elite college admissions firm Lakhani Coaching, described his clients as “the 0.1% of the 1%” — which sometimes even includes Saudi royalty. Families spend on average $35,000 with the firm, he told Insider, in the hopes of angling for a prime college perch. Each year, he said […]
Summary List Placement Fed Chair Jerome Powell said this week that while US government borrowing at current levels is “unsustainable,” the current debt level is “very sustainable” and won’t be a concern in the near-term. “The US federal budget is on an unsustainable path, meaning simply that the debt is growing meaningfully faster than the […]
President Joe Biden, former President Barack Obama and a slew of celebrities including Billy Crystal, Jennifer Hudson and Lin-Manuel Miranda are part of a special aimed at boosting COVID-19 vaccination rates. “Roll Up Your Sleeves,” airing at 7 p.m. EDT Sunday on NBC, will feature Matthew McConaughey interviewing Dr. Anthony Fauci to help separate “fact […]
Blend Labs filed a confidential registration statement with the Securities and Exchange Commission on Friday, signaling its intent to enter the public markets. The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management […]
Summary List Placement In recent years, Federal Reserve economists have estimated that 600,000 US businesses have permanently closed each year. But a Fed study released on Thursday found that the pandemic has resulted in an additional 200,000 permanent closures of businesses over prepandemic levels — or about a quarter to a third above normal. Individual […]
Summary List Placement The US housing boom wasn’t built to last. What began as a hefty uptick in home purchases evolved into an all-out buying spree in a matter of months. Americans taking advantage of low borrowing costs and looking to flee cities for suburbs snapped up homes at a rate not seen since the […]
In 2020, housing was an economic bright spot for a nation shuttered inside. Globally speaking, things look much different roughly a year later – jobs are returning by the millions, a series of viable vaccines are being deployed across America, stimulus checks have hit bank accounts and mortgage rates are ascending rapidly from nearly a […]
Secretary of Education Miguel Cardona issued the following statement today on President Biden’s intent to nominate Gwen Graham for Assistant Secretary for Legislation and Congressional Affairs at the U.S. Department of Education: details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
Summary List Placement The pandemic cost millions of Americans their jobs, and while the Bureau of Labor Statistics found that 9.7 million of them are actively seeking work, businesses are reporting significant labor shortages. Weekly jobless claims are at a pandemic-era low just this past Thursday, but businesses, particularly in the restaurant and service industries, […]
Summary List Placement Everything’s coming up roses for Americans. As more vaccine shots go into arms, consumer optimism is the strongest it’s been in a year — they also have stimulus and low interest rates to thank. The University of Michigan’s consumer sentiment index rose to 86.5 in a preliminary April reading, from 84.9. That level signifies a new […]
Summary List Placement The leaders of the Republican party have argued that President Joe Biden’s $2.3 trillion infrastructure plan funds too many things that aren’t physical, or traditional, infrastructure, saying that less than 6% of its spending goes to rebuilding roads and bridges. Senate Minority Leader Mitch McConnell slammed the plan the same day Biden […]
Summary List Placement Insider has been warning of a potential inventory crisis in the housing market since last summer. It’s just gotten worse since then, with a record low number of homes for sale. Builders are racing to catch up. New residential construction surged more than anticipated in March as builders rushed to address the […]
Summary List Placement Like many people, I learned some crucial new things about myself during quarantine. As horrible as the pandemic has been, I haven’t missed sardining myself onto delayed subways or scheduling plans with friends weeks in advance because our lives are too frantic. If anything, I’ve felt more in touch with myself […]
Summary List Placement In recent years, big companies like Amazon have publicly increased the minimum wage they pay workers. And it turns out those moves can lead to nearby businesses also bumping up their pay, according to a recent working paper. “If a bunch of large employers in the labor market raise pay, other employers […]
Summary List Placement CEOs at more than 300 of the top public companies in US received median pay of $13.7 million in 2020, up 15% from $12.8 million the year before, according to an analysis by the Wall Street Journal. Executive pay rose thanks to a revived stock market and changes to compensation structures. Less […]
A handmade pictorial Cambodian silk ikat that uses all-natural silk and dyes takes nearly a year to produce and can sell for thousands of dollars. But this traditional handicraft, which is being preserved by fewer than a dozen small nonprofits in the country, is at risk of disappearing. VOA’s Bopha Phorn tells the story in […]
A photo of an 85-year-old Brazilian woman getting her first embrace in five months from a nurse through a transparent “hug curtain” was named the World Press Photo of the Year on Thursday. It was the second time the Danish photographer who shot the image has won the prestigious award. That the winning photo would […]
Summary List Placement Sen. Joe Manchin of West Virginia is open to a multitrillion-dollar infrastructure plan. He just wants to see the bill covered. That could be bad news for Republicans hoping he’ll break with his party on the next massive plan from President Joe Biden’s desk. Manchin — a moderate Democrat with incredible influence […]
Young social media activists from Israel and the United Arab Emirates met this month in Dubai in a bid to expand the Abraham Accords peace treaty signed between the two countries last year. The meeting was shared by more than 15 million followers on social media, as Linda Gradstein reports for VOA from Dubai. Camera: Ricki Rosen details ⇒ BusinessMediaguide.Com portal received this content from […]
Summary List Placement Dogecoin is the earnest cryptocurrency, born out of a meme that its creators thought was “hilarious.” Now, that random joke created to lampoon the market is becoming a valuable asset itself. Just this year, the animal-themed currency went from trading for less than a penny to hitting a price of 14 cents […]
venue Summary List Placement President Joe Biden kicked off a major debate in early April when he proposed raising the corporate tax rate from 21% to 28% to fund his $4 trillion infrastructure plan. Now JPMorgan has weighed in on the matter and it finds corporate tax revenue is lower in the US than elsewhere, even […]
HousingWire’s fourth-annual Engage Marketing event will feature experts focused on the specifics of mortgage and real estate in a purchase market. While appetite for refinance loans will plunge in the second half of the year, a huge demographic wave of first-time homebuyers is looking to join the market — assuming they can find a house […]
Summary List Placement Senate Minority Leader Mitch McConnell is reportedly pushing GOP senators to praise Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona as they come under pressure to support scrapping the filibuster. Politico reported that McConnell told Republicans during their Wednesday caucus lunch that the Democratic pair could “save this institution” […]
Summary List PlacementTable of Contents: Masthead Sticky While graduate degrees can provide chances to pivot to new careers, they also can take a few years to complete and charge high tuition, depending on the school and program. That’s why many people consider more affordable, flexible alternatives such as graduate certificates. Here’s everything you need […]